equities

Weaker-than-Expected Chinese Data and a Rise in Oil Prices

May 16, 2016

In April, Chinese M2 money grew 12.8% on year, down from 13.4% in March and a recent high of 14.1% in January.  The 12-month increase in industrial production and retail sales slowed to 6.0% and 10.1% from 6.8% and 10.5% in March.  Fixed asset investment in the first four months of 2016 was 10.5% greater […] More

April 2016 in Figures

April 30, 2016

The dominant market themes in March had been strong oil and equities, dollar and yen weakness, and modest sovereign debt yield increases.  In April, West Texas Intermediate crude oil extended March’s 13.6% advance with a further leap of 19.8%, but yen strength was the big currency market story.  Ten-year sovereign debt yields rose except for […] More

Intensifying Risk Aversion

January 20, 2016

Share prices closed down 4.1% in Hong Kong, 3.7% (or 632 points) in Japan, 3.0% in Singapore, 2.3% in South Korea, 2.0% in Taiwan, 1.7% in India, 1.5% in China, 1.4% in Indonesia and 1.3% in Australia.  Equity declines today in Europe so far amount to 6.8% in Greece, 3.2% in France, 3.1% in Switzerland, […] More

Ugly Day for Stocks

September 22, 2015

Equities in Europe have plunged 3.1% in France, 2.8% in Germany, Italy, Spain and Switzerland and 2.1% in Britain.  U.S. futures point to a debacle here, too.  VW shares continued to implode. Stocks in Asia had been more mixed, with Japan still closed for the second of three straight days in a bridge between Respect […] More

Technology-Led Decline in Share Prices

July 22, 2015

Equities fell 1.6% in Australia, 1.2% in Japan and Hong Kong, 1.0% in Taiwan, 0.9% in South Korea, 0.4% in Singapore and 0.2% in China.  India’s market, an exception in the Pacific Rim, rose 1.2%.  Share prices have also fallen 0.5% in Switzerland, 0.4% in Germany, 0.3% in France and 0.1% in Britain. Commodities extended […] More

February in Figures

February 28, 2015

The short month of February lacked a consistent story to tie around different asset market classes.  Share prices appreciated across the board, but the dollar underwent mixed and rather diverse changes ranging from a 3.8% rise against the Swiss franc to a similarly-sized depreciation versus the New Zealand dollar.  U.S. and British long-term interest rates […] More

October in Review

November 2, 2014

Most long-term interest rates declined in October.  Little change in three-month interest rates masked a widening polarization of monetary policies, as the Fed ended quantitative easing, the Bank of Japan augmented quantitative stimulus, and ECB officials remained publicly divided over whether to stimulate further and how to do so.  The dollar strengthened most sharply against […] More

September and 3Q in Figures

September 30, 2014

The dollar rose broadly and commodities fell in both September and the third quarter.  Ten-year sovereign debt yields rose in September but fell in the summer quarter.  Three-month euro deposit rates fell sharply in July-August but little further in September.  Other short-term interest rates held generally steady in the quarter. 10-Yr Yield 09/30/14 Chg from […] More

January in Figures

January 31, 2014

Risk aversion reared its head again in January.  Stocks fell.  Bond prices rose, sending long-term yields downward.  Commodity-sensitive and major European currencies declined, while the yen went up against the the euro as well as the dollar.  Gold, in contrast to its 28.2% plunge in 2012, rose 3.2% in the first month of 2014. 10-Yr […] More

May Ending in a Risk Averse Mood

May 31, 2013

Commodity-sensitive currencies had a difficult session.  The New Zealand dollar dipped below $0.8000 for the first time since September 6, 2012.  It fell as low as USD 0.7973 and is 1.0% weaker on balance.  The Australian and Canadian dollars have slipped 0.8% and 0.5% against the greenback, which also has appreciated by 0.4% against the […] More

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